Croatia: Crude Coconut Oil Market 2025

Crude Coconut Oil Market Size in Croatia

The Croatian crude coconut oil market expanded rapidly to $X in 2022, with an increase of 6.4% against the previous year. In general, consumption recorded a significant increase. Crude coconut oil consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Crude Coconut Oil Production in Croatia

In value terms, crude coconut oil production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume decreased by 99.9%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Crude Coconut Oil Exports

Exports from Croatia

After two years of decline, overseas shipments of crude coconut (copra) oil increased by 12% to X tons in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 234% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, crude coconut oil exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 316% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for crude coconut oil exports from Croatia, with a 58% share of total exports. Moreover, crude coconut oil exports to Austria exceeded the volume sent to the second major destination, Montenegro (X tons), twofold. Serbia (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to Austria totaled +68.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+69.9% per year) and Serbia (+37.6% per year).

In value terms, Austria ($X) emerged as the key foreign market for crude coconut (copra) oil exports from Croatia, comprising 64% of total exports. The second position in the ranking was taken by Montenegro ($X), with a 15% share of total exports. It was followed by Bosnia and Herzegovina, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria totaled +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+46.5% per year) and Bosnia and Herzegovina (+17.9% per year).

Export Prices by Country

In 2022, the average crude coconut oil export price amounted to $X per ton, surging by 28% against the previous year. In general, the export price, however, saw a pronounced descent. The pace of growth was the most pronounced in 2013 an increase of 73% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Montenegro ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.

Crude Coconut Oil Imports

Imports into Croatia

In 2022, approx. X tons of crude coconut (copra) oil were imported into Croatia; surging by 9.2% against the previous year's figure. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 276%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, crude coconut oil imports shrank to $X in 2022. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 259% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Hungary (X tons) and Sweden (X tons) were the main suppliers of crude coconut oil imports to Croatia, with a combined 73% share of total imports. Slovenia, Germany, Austria, Poland and Indonesia lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +92.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of crude coconut (copra) oil to Croatia, comprising 37% of total imports. The second position in the ranking was taken by Hungary ($X), with a 19% share of total imports. It was followed by Slovenia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+45.6% per year) and Slovenia (+20.7% per year).

Import Prices by Country

In 2022, the average crude coconut oil import price amounted to $X per ton, falling by -8.5% against the previous year. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 12%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+33.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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